Public entity risk pool servicesMilliman is among the largest actuarial and management consulting firms in the world, with offices in more than 55 cities.  Milliman’s Boston Casualty Practice specializes in offering custom made solutions to the public entity sector.  Milliman consultants have the skills, resources, and experience to assist risk pools in solving not just insurance problems, but business problems as well.  Milliman’s risk pool clients rely on our informed judgment, gained from a breadth and depth of experience dealing with a wide range of issues unique to public entities.  Predictive analytics – Milliman’s predictive analytics solutions provide new insight on risk pool member behavior.  With the help of advanced predictive modeling, pools can underwrite risk more accurately and incorporate improved risk assessment into their rating models, so that the rates they charge pool members are a more accurate reflection of actual risks.  Predictive analytics can help risk pools uncover the hidden opportunities and challenges within their business.

- Selecting and pricing business with greater precision
- Reducing loss ratios and improving operating efficiency
- Targeting the best opportunities for future growth
- Protecting margins in adverse underwriting and investment environments
- Implementing an objective basis for selecting members to participate in special programs
- Identifying the effectiveness of risk-mitigation programs implemented by the poolReserve evaluations – Milliman provides uncompromised, independent consulting coupled with sophisticated reserving software solutions and clear communication of our results.

- Unparalleled experience and expertise
- Proprietary state-of-the-art loss projection tools and the most widely used reserving software solutions in the marketplace
- Reports that are concise, informative, and easy to understandReserve variability – Milliman’s powerful modeling tools help risk pools understand the nature of their risk exposure and potential variability in their reserve estimates.

- Move beyond traditional point estimate techniques to estimate distributions of possible losses
- Provide a clearer picture of capital and surplus needs
- Offer insight into reinsurance requirementsPool member contributions – Milliman combines actuarial expertise and in-depth experience in the insurance market to assist risk pools with every aspect of their strategic rating and funding decisions. 
Retention and reinsurance analysis – Milliman helps risk pools identify the optimal retention level considering their historical claims experience, their appetite for risk, the excess/reinsurance market, and regulatory constraints.Turn business risk into business opportunity 
Milliman has been meeting the unique needs of public entities and risk pools for more than 30 years. We offer independent, objective advice and a technical acumen supported by state-of-the-art tools.  We understand the nature of risk, as it applies to the insurance marketplace as well as to your specific risk pool. We can help you see beyond the numbers, understand how to better manage member services, and stay competitive and productive in a changing industry.For more information about all of our services to the public entity risk pool sector, please contact Chris Kogut at (802) 865-1760 or chris.kogut@milliman.com.